Magic I&E Profile
Key Indicators
- Authorised Capital ₹ 1.50 M
as on 07-07-2024
- Paid Up Capital ₹ 1.35 M
as on 07-07-2024
- Company Age 8 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 66.50 M
as on 07-07-2024
- Satisfied Charges ₹ 80.00 M
as on 07-07-2024
- Revenue -60.87%
(FY 2021)
- Profit -1017.75%
(FY 2021)
- Ebitda -344.84%
(FY 2021)
- Net Worth -54.64%
(FY 2021)
- Total Assets -21.11%
(FY 2021)
About Magic I&E
The Company is engaged in the Consumer Electronics & Durables Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.50 M and a paid-up capital of Rs 1.35 M.
The company currently has active open charges totaling ₹6.65 Cr. The company has closed loans amounting to ₹8.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Bipin Shivajirao, Hemant Thawani, and Vinod Rupani serve as directors at the Company.
- CIN/LLPIN
U51596MH2016PTC283605
- Company No.
283605
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
13 Jul 2016
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
- Email Address
- Website
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- Social Media-
Who are the key members and board of directors at Magic I&E?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Bipin Shivajirao  | Director | 14-Jul-2017 | Current |
| Hemant Thawani | Director | 14-Jul-2017 | Current |
| Vinod Rupani | Director | 13-Jul-2016 | Current |
Financial Performance and Corporate Structure Insights of Magic I&E.
Magic I&E Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 60.87% decrease. The company also saw a substantial fall in profitability, with a 1017.75% decrease in profit. The company's net worth observed a substantial decline by a decrease of 54.64%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Magic I&E?
In 2021, Magic I&E had a promoter holding of 54.63% and a public holding of 45.37%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 15 Sep 2021 | ₹4.55 Cr | Open |
Others Creation Date: 26 Mar 2021 | ₹2.10 Cr | Open |
Punjab And Maharashtra Co-Operative Bank Limited Creation Date: 29 Aug 2017 | ₹8.00 Cr | Satisfied |
How Many Employees Work at Magic I&E?
Unlock and access historical data on people associated with Magic I&E, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Magic I&E, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Magic I&E's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
